Probate, the Connecticut Estate Tax Return, and You

Posted on Jul 1, 2012 2:57am PDT

Connecticut probate and taxation are separate, but you can expect to have
to complete a Connecticut Estate Tax Return even if you don't have
a "taxable estate." The non-taxable estate tax return is the
CT-706 NT. This form will need to be completed and provided to the Connecticut
Probate Court within 6 months of the date of death.

It is important to recognize that even if your property does not go through
probate because you have a Revocable Living Trust, or because you have
other property passing outside of probate, your executor will need to
ensure Connecticut Estate Tax Return for Non-Taxbable Estates is completed
properly and executed in a timely fashion. The form does not just require
reporting of property passing via your Will or the Laws of Intestacy.
It requires reporting of ALL property included in your Connecticut Taxable Estate.

The good news is that your executor can have a Connecticut probate attorney
assist with the preparation of the CT-706 NT.

That being stated, you may be able to help control the costs of probate
by getting together as much information as possible before the CT probate
attorney helps you with the form.

Here are a few pieces of info that you may need:

Owners of all accounts (bank, investment, brokerage), policies, annuities,
and other assets even if held jointly

Percent of ownership if assets are held jointly

Beneficiaries and % or share each is entitled to upon death

This is by no means an all-inclusive list. But, if you are having difficult
putting together this information or working with a financial institution
to obtain any infor, or if you have questions about CT probate, feel free
to contact us to set up a consultation.

You can get our contact information by
clicking here. If you are looking for more information from a Trumbull probate attorney, a
Westport probate attorney, a Stamford probate attorney or a probate attorney handling other cases
in Connecticut feel free to contact us.

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Westport, CT 06880

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Stamford, CT 06901

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